Somewhat Favorable News Coverage Somewhat Unlikely to Affect GasLog LP. (GLOG) Stock Price
Press coverage about GasLog LP. (NYSE:GLOG) has been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. GasLog LP. earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave press coverage about the shipping company an impact score of 46.1664920001478 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of equities research analysts have issued reports on the company. BidaskClub cut GasLog LP. from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Zacks Investment Research cut GasLog LP. from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $20.00 target price on shares of GasLog LP. in a research note on Thursday, August 3rd. Finally, DNB Markets cut GasLog LP. from a “buy” rating to a “hold” rating and set a $17.80 target price on the stock. in a research note on Wednesday, September 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.98.
GasLog LP. (GLOG) traded up 1.47% during midday trading on Wednesday, reaching $17.25. The company’s stock had a trading volume of 314,263 shares. GasLog LP. has a 1-year low of $12.75 and a 1-year high of $18.35. The firm’s market capitalization is $1.38 billion. The firm has a 50 day moving average price of $16.88 and a 200 day moving average price of $15.52.
GasLog LP. (NYSE:GLOG) last announced its quarterly earnings results on Thursday, August 3rd. The shipping company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). GasLog LP. had a net margin of 0.70% and a return on equity of 0.50%. The company had revenue of $129.90 million during the quarter, compared to the consensus estimate of $128.14 million. During the same quarter last year, the company earned ($0.01) earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. On average, analysts predict that GasLog LP. will post $0.07 EPS for the current year.
GasLog LP. Company Profile
GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order.
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